Dorothea

Valeant Era Nears an End With Bausch Eye Spinoff

(Bloomberg Opinion) — The Valeant era may truly be nearing an end for Bausch Health Health Cos. with the planned spinoff of its eponymous Bausch+ Lomb eye-care unit, announced Thursday.

Bausch, which changed its name in 2018, became a Wall Street darling then pariah and corporate problem child under its prior moniker — Valeant Pharmaceuticals Ltd. — as a result of aggressive business practices and a massive debt-fueled acquisition spree led by ex-chief Michael Pearson and championed by investor Bill Ackman. The business has stabilized under new management, to its credit. But long-term damage remains, and not just in the form of lingering legal issues. The company’s past left it as a strange amalgam of branded and generic drugs, dermatology products, and a profitable and pedigreed eye-care business, all hampered by an enormous pile of debt.

The spinoff offers a better and more focused future for both the eye-care and

Read More

The best credit cards for freelancers

Picking the right credit card can help you get the most out of your freelance business or sole proprietorship.
Picking the right credit card can help you get the most out of your freelance business or sole proprietorship.

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small fee for referring you. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives.

If you freelance, run a sole proprietorship, moonlight as a Task Rabbit, Uber driver or Postmates delivery person, or otherwise work for yourself, there’s plenty to love about your flexible schedule and the control you have over work projects.

The downside? You also have to foot the bill for all your small-business expenses, from travel to taxes and office space. In other words, your money has to stretch in several directions.

I’m a freelancer who has been working

Read More

Buy 5 Business Services Stocks Ahead of Q2 Earnings Next Week

We are in the middle of the coronavirus-stricken second-quarter 2020 earnings season and the results so far are highly disappointing mainly due to the lockdowns.

Coronavirus-induced devastations haven’t spared any sector and business services has suffered significantly. Nevertheless, a handful of business services companies are set to beat second-quarter earnings estimates next week.

A Brief Review of Q2

U.S. GDP plunged 32.9% in second-quarter 2020, marking its worst-ever quarterly decline, with the previous nearest low witnessed in the second quarter of 1921. Notably, in the first quarter, the economy declined by 5% year over year.

Economic activities were way below last year in the second quarter since lockdowns continued for nearly two months till the third week of May. Meanwhile, by mid-June, all 50 states reopened their economies in some form or the other.

However, a second wave of COVID-19 in some states since the second half of June forced

Read More

In Ohio and nationwide, Joe Biden is better for Black business

OPINION: Biden’s common-sense plans will support Black entrepreneurs and small businesses as they recover and look to the future

Joe Biden plans to grow and strengthen Black-owned small businesses in Ohio and nationwide. Through his Build Back Better and Lift Every Voice plans, Biden will invest billions in the resources Black small business owners can leverage to drive their own success.

The former vice president will ensure access to credit and capital for Black businesses by doubling funding for community development financial institutions (CDFIs) and the state small business credit initiative that funds local lending. Biden will improve and expand the small business administration programs that most directly serve Black-owned small businesses, including the small business development centers, the SBA Microloan Program, and the 7(a) loan program.

Read More: Joe Biden to name VP running mate first week of August

As President, Biden will make permanent the Community Advantage Loan

Read More